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iMetal Resources Announces Closing of Private Placement

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iMetal Resources (OTCQB:IMRFF) has successfully closed its non-brokered private placement, raising $1,125,705 through the issuance of 10,720,999 units at $0.105 per unit. Each unit includes one common share and one warrant exercisable at $0.20 until August 29, 2027, with an acceleration clause if shares exceed $0.50 for 10 consecutive trading days.

The company paid $46,606 in finder's fees and issued 483,770 finder's warrants. Additionally, iMetal granted 1,000,000 stock options to directors, officers, and consultants, exercisable at $0.22 until September 4, 2030. Proceeds will fund exploration activities, potential acquisitions, and working capital.

["Raised $1.1 million in gross proceeds through private placement", "Warrants provide potential for additional future funding at $0.20 per share", "Proceeds will support exploration activities and potential acquisitions"]

iMetal Resources (OTCQB:IMRFF) ha chiuso con successo un collocamento privato non mediato, raccogliendo $1.125.705 mediante l’emissione di 10.720.999 unità a $0,105 ciascuna. Ogni unità comprende una azione ordinaria e un warrant esercitabile a $0,20 fino al 29 agosto 2027, con clausola di accelerazione se il prezzo delle azioni supera $0,50 per 10 giorni di negoziazione consecutivi.

La società ha corrisposto $46.606 in commissioni a procacciatori e ha emesso 483.770 warrant di procacciamento. Inoltre, iMetal ha assegnato 1.000.000 opzioni su azioni a amministratori, dirigenti e consulenti, esercitabili a $0,22 fino al 4 settembre 2030. I proventi saranno destinati alle attività di esplorazione, a possibili acquisizioni e al capitale circolante.

  • Raccolti circa $1,1 milioni di proventi lordi tramite collocamento privato
  • I warrant offrono la possibilità di finanziamenti aggiuntivi futuri a $0,20 per azione
  • I proventi sosterranno le attività di esplorazione e possibili acquisizioni

iMetal Resources (OTCQB:IMRFF) ha cerrado con éxito una colocación privada sin intermediarios, recaudando $1.125.705 mediante la emisión de 10.720.999 unidades a $0,105 por unidad. Cada unidad incluye una acción ordinaria y un warrant ejercitable a $0,20 hasta el 29 de agosto de 2027, con una cláusula de aceleración si las acciones superan $0,50 durante 10 días de negociación consecutivos.

La compañía pagó $46.606 en honorarios a buscadores y emitió 483.770 warrants para buscadores. Además, iMetal concedió 1.000.000 opciones sobre acciones a directores, ejecutivos y consultores, ejercitables a $0,22 hasta el 4 de septiembre de 2030. Los ingresos se destinarán a actividades de exploración, posibles adquisiciones y capital de trabajo.

  • Recaudados aproximadamente $1,1 millones en ingresos brutos mediante colocación privada
  • Los warrants permiten la posibilidad de financiamiento adicional futuro a $0,20 por acción
  • Los fondos apoyarán las actividades de exploración y posibles adquisiciones

iMetal Resources (OTCQB:IMRFF)는 중개인 없이 진행한 사모 발행을 성공적으로 마무리하여 10,720,999주 단위를 단가 $0.105에 발행해 $1,125,705를 조달했습니다. 각 단위는 보통주 1주와 2027년 8월 29일까지 행사 가능한 $0.20 워런트 1개를 포함하며, 주가가 연속 10거래일 동안 $0.50를 초과하면 가속 조항이 적용됩니다.

회사는 중개 수수료로 $46,606를 지불하고 483,770개의 중개인 워런트를 발행했습니다. 또한 iMetal은 이사, 임원 및 컨설턴트에게 1,000,000주 스톡옵션을 부여했으며, 행사가격은 $0.22로 2030년 9월 4일까지 행사 가능합니다. 조달 자금은 탐사 활동, 잠재적 인수 및 운전자본에 사용됩니다.

  • 사모 발행을 통해 약 $110만의 총자금 조달
  • 워런트는 주당 $0.20에 추가 자금 확보 가능성 제공
  • 자금은 탐사 활동 및 잠재적 인수 지원에 사용될 예정

iMetal Resources (OTCQB:IMRFF) a clôturé avec succès un placement privé non intermédié, levant 1 125 705 $ par l’émission de 10 720 999 unités à 0,105 $ l’unité. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,20 $ jusqu’au 29 août 2027, avec une clause d’accélération si le cours dépasse 0,50 $ pendant 10 jours de bourse consécutifs.

La société a versé 46 606 $ de commissions aux apporteurs et a émis 483 770 bons d’apporteur. De plus, iMetal a accordé 1 000 000 d’options à des administrateurs, dirigeants et consultants, exerçables à 0,22 $ jusqu’au 4 septembre 2030. Les fonds serviront au financement des travaux d’exploration, d’éventuelles acquisitions et au fonds de roulement.

  • Environ 1,1 M$ de produits bruts levés via un placement privé
  • Les warrants offrent la possibilité d’un financement additionnel futur à 0,20 $ par action
  • Les fonds soutiendront les activités d’exploration et d’éventuelles acquisitions

iMetal Resources (OTCQB:IMRFF) hat eine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und $1.125.705 durch die Ausgabe von 10.720.999 Einheiten zu je $0,105 eingenommen. Jede Einheit umfasst eine Stammaktie und einen Warrant, der bis 29. August 2027 zu $0,20 ausgeübt werden kann; eine Beschleunigungsklausel greift, wenn der Aktienkurs an 10 aufeinanderfolgenden Handelstagen über $0,50 liegt.

Das Unternehmen zahlte $46.606 an Vermittlungsgebühren und gab 483.770 Finder-Warrants aus. Zudem gewährte iMetal 1.000.000 Aktienoptionen an Direktoren, Führungskräfte und Berater, ausübbar zu $0,22 bis zum 4. September 2030. Die Mittel werden für Explorationsarbeiten, mögliche Akquisitionen und das Betriebskapital verwendet.

  • Rund $1,1 Mio. Bruttoerlös durch Privatplatzierung
  • Warrants ermöglichen potenzielle zusätzliche Finanzierung zu $0,20 je Aktie
  • Erträge unterstützen Explorationsaktivitäten und mögliche Akquisitionen
Positive
  • None.
Negative
  • Dilution of existing shareholders through issuance of 10.7 million new units
  • Additional potential dilution from warrants and stock options

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Offering") and has issued 10,720,999 units (each, a "Unit") at a price of $0.105 per Unit for gross proceeds of $1,125,705.

Each Unit consists of one common share in the capital of the Company (each, a "Share") and one transferable share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.20 until August 29, 2027, provided that in the event the volume-weighted average closing price of the Shares on the TSX Venture Exchange exceeds $0.50 for at least ten consecutive trading days the Company will have the right to accelerate the expiry of the Warrants.

The Company intends to use the net proceeds of the Offering towards further exploration of the Company's properties and potential new acquisitions, as well as for general working capital. In connection with completion of the Offering, the Company has paid finders' fees of $46,606 and issued 483,770 non-transferable share purchase warrants (each, a "Finders' Warrant") to certain arms-length third-parties who assisted in introducing subscribers. Each Finders' Warrant is exercisable on the same terms as the Warrants. All securities issued in the Offering are subject to a statutory hold period until December 30, 2025, in accordance with applicable Canadian securities laws.

Incentive Stock Option Grant

The Company also announces that it has granted 1,000,000 incentive stock options (the "Options") to certain directors, officers and consultants of the Company in accordance with its omnibus incentive plan. The Options vest immediately and are exercisable at a price of $0.22 until September 4, 2030.

About iMetal Resources Inc.

iMetal is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The flagship property Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold that borders the Juby Deposit and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle's Holt and Holloway Mine. Carheil is an exploration stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

iMetal Resources Inc.
saf@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6
https://imetalresources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of iMetal to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the intend use of the proceeds from the Offering. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265107

FAQ

How much did iMetal Resources (IMRFF) raise in its September 2025 private placement?

iMetal Resources raised $1,125,705 through the issuance of 10,720,999 units at $0.105 per unit.

What are the terms of IMRFF's warrants from the September 2025 offering?

Each warrant allows purchase of one additional share at $0.20 until August 29, 2027, with acceleration if share price exceeds $0.50 for 10 consecutive trading days.

How will iMetal Resources use the proceeds from the private placement?

The proceeds will be used for exploration of company properties, potential new acquisitions, and general working capital.

What stock options did IMRFF grant to directors and officers in September 2025?

iMetal granted 1,000,000 stock options exercisable at $0.22 until September 4, 2030, vesting immediately.

When do the securities from IMRFF's private placement become freely tradeable?

The securities are subject to a statutory hold period until December 30, 2025, in accordance with Canadian securities laws.
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